The following purchases and sales of motor vehicles were made in the 3 years ended 31 October 2010. All payments and receipts were made
The following purchases and sales of motor vehicles were made in the 3 years ended 31 October 2010. All payments and receipts were made by cheque. Date of Purchase Asset 01 Nov 07 21 Oct 08 28 Feb 09 11 Nov 09 Date of Sale 11 Nov 09 (a) Motor vehicle A Motor vehicle B Motor vehicle C Motor vehicle D (b) (c) Asset Motor vehicle A Cost 20,000 24,000 28,000 32,000 REQUIRED Prepare the following accounts for the 3 years ended 1 November 2008, 2009 and 2010: Motor Vehicle Account Sale price 13,500 Motor Vehicle Provision for Depreciation Account Motor Vehicle Disposal Account
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